EddieJayonCrypto
23 May 25
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on CoinShares's spot-based XRP exchange-traded fund (ETF) after the firm filed in January. The SEC has 240 days from official acknowledgment to decide, typically using the full period. Approval is expected by late October, wi...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on CoinShares's spot-based XRP exchange-traded fund (ETF), initiating a regulatory review period of up to 240 days that extends until late October.
CoinShares, a Jersey-based digital asset investment firm, originally submitted an S-1 filing in January to launch the spot-based XRP ETF. The SEC officially acknowledged the filing earlier this year, marking the start of the regulatory clock.
The SEC typically utilizes the full 240-day period to assess ETF proposals, making an approval by late October the most likely outcome. While a rare early approval as soon as July remains possible, the current delay should not be interpreted as a rejection.
Meanwhile, the XRP community remains optimistic about gaining spot-based XRP ETF approval later this year, especially after the recent launch of a futures-based XRP ETF by Volatility Shares.
This extended review period aligns with trends under the current crypto-friendly SEC administration, which seems cautious but open to new cryptocurrency-linked ETF products. Investors and enthusiasts alike are eagerly watching for developments expected in the fourth quarter.